[The appeal against this decision is reported at [2005] BTC 436.]

Dr N Brice

Decision released 9 November 2004

TRANSFERS OF SECURITIES – loan notes provided for a fixed rate of interest of 7.43375% from issue to redemption but also provided for interest to be paid on irregular days and in irregular amounts - whether loan notes carried interest at a rate which was a fixed rate which was the same throughout the period from issue to redemption – no – whether inspector made a just and reasonable determination – yes - appeal dismissed – ICTA 1988 S717(2)(a) and (9)

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.